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Full-Text Articles in Social and Behavioral Sciences
Understanding The Rise And Transformation Of Business Collective Action In India, Aseema Sinha
Understanding The Rise And Transformation Of Business Collective Action In India, Aseema Sinha
CMC Faculty Publications and Research
Scholars of business associations have recently learned a great deal about how associations contribute to development, but much less about the origins of such developmental associations. This essay introduces and assesses a new political explanation for the origins of ‘developmental associations.’ Conventional wisdom holds that developmental associations must be able to rise above political and collusive pressures and establish autonomy from states. Yet, I argue that these associations’ developmental capacities emerge as a result of active state support by key actors, and in response to challenges and threats posed by competitive business organizations. Developmental associations emerge and acquire their capacities …
Discussion: Narrow Money, Broad Money, And The Transmission Of Monetary Policy, Gregory Hess
Discussion: Narrow Money, Broad Money, And The Transmission Of Monetary Policy, Gregory Hess
CMC Faculty Publications and Research
Monetary policy and theory have been greatly transformed since Dale Henderson, Richard Porter, and Peter Tinsley (HPT) first crossed the Board's threshold more than thirty years ago. Judging from the sustained levels of robust growth and moderate rates of inflation in the United States since the early 1980s, both theory and policy have moved in a welfare-improving direction. The dramatic evolution of monetary policy during HPT's tenure simply cannot be overstated. A revolution took place during their watch, and as the custodians and facilitators of research at the Federal Reserve Board, these three amigos should certainly take some credit.